Property Affaire

News

Dubai, 07 December 2015: JLL, one of the world's leading real estate investment and advisory firms, has announced the launch of its 'India Desk' in Dubai, a new medium aimed at facilitating cross-border investments between India and the Middle-East markets.

This new initiative will advise and support GCC investors in acquiring as well as managing their real estate investments and holdings in India while also advising investors and developers from India on entering the UAE and wider GCC markets.

The desk is currently advising investors in Dubai to fund a development project in Mumbai, as well as shortlisting land acquisition opportunities in India for an Abu Dhabi-based group.

Commenting on this new initiative, Gaurav Shivpuri, Head of Capital Markets JLL MENA said: "India has had a long-standing partnership with the UAE, and it continues to play a huge role in the region's economic success. As business interests resonate across borders, it is an opportune time to set up a platform to facilitate cross-border investments."

Shobhit Agarwal, Managing Director – Capital Markets for JLL India said: "We continue to see a significant interest from investors and developers from the GCC for India, and vice versa. By establishing this channel, we will ensure that our clients are able to unearth high potential investment opportunities in India and GCC Real estate as well as receive the same high quality of services that they are accustomed to across the globe. The market for cross-border investments has opened up considerably in recent times – and as always, we intend to be in the right place at the right time, offering the right services."

The Firm's Dubai Desk will deploy the full bouquet of its Capital Markets services, including Private Equity Placements, Investment Sales, Joint Ventures, Debt Syndication, Investment Acquisitions and Investment Analysis and Structuring. While servicing of Institutional Family Offices and High Net Worth Individuals interested in investing into real estate in India and the MENA region is likely to predominate its initial activities, the Dubai desk will also help process proposals from developers who seek to capitalize on either of these lucrative shores.

The desk will be led by Swati Shanker, Lead – India Desk, Capital Markets JLL MENA, based in Dubai and Amit Pande, Head of Private Wealth, India & Middle East, JLL India Capital Markets, based in Mumbai.